Blueseed is a startup hoping to lure thousands of foreign entrepreneurs to live 12 nautical miles from Silicon Valley -- in a big cruise ship. Some say it's the answer to restrictive visa issues, others shudder at the thought of a boat filled with "thousands of nerds."

Blueseed is raising money from investors in hopes of creating a
seaborne startup community 12 nautical miles off the coast of Silicon
Valley. The floating "Googleplex" would allow foreign born
entrepreneurs to work (and live) on a retrofitted cruise ship without
obtaining a work visa. Kara Tsuboi reports.